Comment

GOP Sen. Jim DeMint: I'll Accept 'Serious Disruptions' of the Economy

317
Gepetto7/07/2011 8:58:37 pm PDT

re: #310 Obdicut

nope, if the codes have been modified in the interim, and they have, then it is not so cut-and-dried as you suggest. The rise of offshore tax sheltering, for instance, would cut deeply into any increased revenues realized by restoring pre-Bush rates. Look, I’m not objecting to the need to get more revenue into the treasury, thats a no-brainer, just like we have to spend that revenue more wisely. But “raising tax rates” when the entirety of the financial system has been working overtime to stack the deck in their favor is too simple a solution. If the rates are raised, and just that, progress stops there. Can you not already hear, “But, you raised our rates even farther beyond (whatever country’s) rates, what more will you ask from us?”
Demand accountability from the lawmakers.